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AmericanKulak says
old school pensions of 65% last 3 years salary plus guaranteed COLA
The only source I can think of this is either federal government pensions CSRS (not FERS), which means they were hired before Reagan's second term.
Or its a state pension like New York.
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MIC contractors with big checks or two decent checks (military and Boeing/Lockheed) every month, plus investments, Soc Sec, etc.
80s Cocaine Condo Construction Binge
Lockheed (or Lockmart) as well as the rest of the major MIC's like Boeing stopped their defined pension plans and went 401k path at least 35 years ago.
My county in Virginia just sent out assessment notices. Massive increase averaging about 25%, mine was actually 36% which means my real estate tax will be about $2,000 higher next year. I plan to go to the next county board meeting just to see the reaction from all these citizens who will also see massive tax increases. I am sure the county supervisors are dreading the April meetings.
Nothing says prices going up quite like free money. Biden's proposing $10000 in free money for 1st time homebuyers and $10000 to the people who sell their homes that have a mortgage.
As a special freebie offer for illegals $25000 in down payment assistance.
It's only your taxes.
https://www.msn.com/en-us/money/realestate/biden-has-a-plan-to-make-homeownership-more-affordable-here-s-what-it-could-mean-for-hopeful-homebuyers/ar-BB1jzVXY?ocid=hpmsn&cvid=1d4564ac011f45c88696c3c60ba42747&ei=143
This guy who worked for NY State since 1960s has to be at least 75 years old.
Florida has a law called Save Our Homes (SOH). It is a property tax cap amendment to Florida's constitution, homestead property assessments can't increase more than 3% from the previous assessment period. (The cap for non-homestead properties is 10%.)
Homeowners who receive the homestead exemption also benefit from the Save Our Homes assessment limitation, which caps increases in assessed value at 3% or the rate of inflation, whichever is lower. So even if you own a home in a hot housing market, your taxes won’t skyrocket (unless one of your local government bodies increases rates).
This country is a financial joke to the max. F'ng clown world.
GNL says
This country is a financial joke to the max. F'ng clown world.
I would say the 80's and 90's that the economy was remarkable. Look by 1999 how the internet became a major part of economy and society.
The economy has produced achievements since then but its also been susceptible to Wall Street bubbles and housing inflation.
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ROCKET MORTGAGE SHUTS DOWN ORIGINATION DEPARTMENT
Rocket to shut down origination channel for real estate and insurance agents
All real estate agents, insurance agents and other financial pros must submit new mortgage applications by March 29, 2024
https://www.housingwire.com/articles/rocket-to-shut-down-origination-channel-for-real-estate-and-insurance-agents/
Rocket was the largest retail lender, and largest online lender.
I know it doesn’t fit the narrative for some folks here who believe this place is a shithole. Given it’s ranked one of the best places to live, I can’t imagine where they live would be called. 🤔
https://abc7news.com/san-jose-us-news-and-world-report-25-best-places-to-live-ranked-number-4-in/14496724/
Eman says
I know it doesn’t fit the narrative for some folks here who believe this place is a shithole. Given it’s ranked one of the best places to live, I can’t imagine where they live would be called. 🤔
https://abc7news.com/san-jose-us-news-and-world-report-25-best-places-to-live-ranked-number-4-in/14496724/
I'm sorry man but I lived in San Jose for almost six years and really disliked it. Ridiculous traffic, terrible schools, insanely expensive, massive salad bowl of multiculturalism where people stay segregated, total lack of community, no real city identity.
The only thing going for it was the weather and jobs.
I know it doesn’t fit the narrative for some folks here who believe this place is a shithole. Given it’s ranked one of the best places to live, I can’t imagine where they live would be called. 🤔
https://abc7news.com/san-jose-us-news-and-world-report-25-best-places-to-live-ranked-number-4-in/14496724/
I know it doesn’t fit the narrative for some folks here who believe this place is a shithole. Given it’s ranked one of the best places to live, I can’t imagine where they live would be called.
Eman, we've come from a time when plenty of blue collar men got married, had kids, a house, healthcare and retirement while the wife stayed home and raised the kids. And everyone in America loved America. It sure seemed like it anyway.
Eman, we've come from a time when plenty of blue collar men got married, had kids, a house, healthcare and retirement while the wife stayed home and raised the kids. And everyone in America loved America. And those that came assimilated and didn't come just to take advantage of a shitty communist government. It sure seemed like it anyway.
That means the 70s are our most fond memories.
Eman, you are 100% correct though...we all have to make do with what we have + our abilities + our motivations. Government though, is definitely a problem. No one can deny this, correct?
AD,
It’s interesting you mention you have a big mouth. May I ask are you an introvert in real life?
Rather than doing something to rectify the findings and results…like contacting the author, you whine and bitch about it. How will that change the outcome, or improve anything?
Eman says
AD,
It’s interesting you mention you have a big mouth. May I ask are you an introvert in real life?
I'm more obnoxious in real life. So the answer is an obvious no.
Maybe I was slightly more restrained and quiet going back 20 years but as I have reached financial independence, I've enjoyed being a lot more vocal and insulting to the right kind of people.
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Would you let your 3rd and 4th grader run the neighborhood without you knowing where they were? Including a few blocks away at friends homes that your parents don't know? We did this and it wasn't weird at all.
I’ve noticed it too. The sentiment/energy on this forum has been quite negative. I intentionally share posts to provoke people view things from a different angle/POV. It hasn’t been working….Sigh.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.